03-17-2020, 09:58 AM
Took a look at Disney.
I was surprised to see that their park business was a massive part of their overall revenue and earnings. I really expected it to be smaller compared to the rest. So there is that, and then I do recall some ESPN issues a while back, which are probably only going to get worse now that the majority of sports has been cancelled.
A great company, no doubt about it. And I would have been happy to buy it under $100 before this virus thing happened. But now I'd like to see it fall down further before I initiate a position.
I was surprised to see that their park business was a massive part of their overall revenue and earnings. I really expected it to be smaller compared to the rest. So there is that, and then I do recall some ESPN issues a while back, which are probably only going to get worse now that the majority of sports has been cancelled.
A great company, no doubt about it. And I would have been happy to buy it under $100 before this virus thing happened. But now I'd like to see it fall down further before I initiate a position.